MIRA INFORM REPORT

 

 

 

 

Report Date :

23.10.2013

 

IDENTIFICATION DETAILS

 

Name :

KENKO CORPORATION

 

 

Registered Office :

Iwamotocho Toyo Bldg 4F, 3-1-2 Iwamotocho Chiyodaku Tokyo 101-0032

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

December 1965

 

 

Com. Reg. No.:

0100-01-034552 (Tokyo-Chiyodaku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, export, wholesale of industrial chemicals

 

 

No. of Employees :

60 employees

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2013

                                                   

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

japan - ECONOMIC OVERVIEW

 

In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession three times since 2008. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March disrupted manufacturing. The economy has largely recovered in the two years since the disaster, but reconstruction in the Tohoku region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared the economy his government's top priority; he has pledged to reconsider his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus and regulatory reform and has said he will press the Bank of Japan to loosen monetary policy. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2012 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. The new government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy.

 

Source : CIA

 

 

 

Company name

 

KENKO CORPORATION

 

 

REGD NAME

 

KK Kenko Tsusho

 

 

MAIN OFFICE

 

Iwamotocho Toyo Bldg 4F, 3-1-2 Iwamotocho Chiyodaku Tokyo 101-0032 JAPAN

Tel: 03-3258-8061     Fax: 03-3258-8060

 

URL:                 http://www.kenkoco.com

E-Mail address:            contact@kenkoco.com

 

 

ACTIVITIES

 

Import, export, wholesale of industrial chemicals

 

 

BRANCHES

 

Osaka, Nagoya

 

 

OVERSEAS

 

Beijing, Shanghai, Mumbai, Moscow, Korea, Germany, Cairo (Affiliates): Soft Gel Technologies Inc (USA); Chemco Industries Inc (USA, with branches in New York, Los Angeles, Fresco, Utah); Ski Plastic Co (China);

Kenko-Balley Enterprises (Shenzhen) Ltd (China); Kenko Holding Co Inc (USA)

 

 

OFFICERS

 

SATOMI TSUCHIBE, PRES                    Yasushi Nakai, s/mgn dir

Tateo Kurusu, mgn dir               Tsuneyasu Nakano, mgn dir

      Shunji Ohtaki, mgn dir                      Yuichi Takada, mgn dir

 

Yen Amount:     In million Yen, unless otherwise stated

SUMMARY

 

FINANCES        FAIR                             A/SALES          Yen 12,423 M

PAYMENTSNo Complaints    CAPITAL           Yen 245 M

TREND SLOW                           WORTH            Yen 1,214 M

STARTED         1965                             EMPLOYES      60

 

 

COMMENT

 

TRADING HOUSE SPECIALIZING IN INDUSTRIAL CHEMICALS.

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

           

The subject company was established by Satomi Tsuchibe in order to make most of his experience in the subject line of business.  This is a trading house for import, export and wholesale of food additives, synthetic dyestuffs, organic pigments, fertilizing chemicals, seeds and other industrial chemicals.  The firm has 6 divisions: Health-care Div; Food Additive Div; Fine Chemicals Div; Feed Additive Div; Agricultural Div; Mfg/R&D Div.  Strong business ties with domestic major chemical firms, such as Nisshin Pharma Inc, a major mfr of chemicals, and Chisso Corp, a leading mfr of fine chemicals, both having shares in the subject.  Actively engaged in overseas operations with offices in Beijing, Shanghai, Mumbai, Moscow and Cairo.  Also overseas affiliates: USA (4), China (5), Germany (1).  In Apr 2012 the firm increased the paid-in capital amount to Yen 245 million from the Yen 195 million to make up for the loss posted in the previous period.

 

 

FINANCIAL INFORMATION

 

The sales volume for Mar/2012 fiscal term amounted to Yen 12,423 million, an 8% down from Yen 13,524 million in the previous term.  Imports/exports revenues were hurt by the high Yen, reducing considerably in Yen terms.  The operations came back to profitability to post Yen 330 million recurring profit and Yen 38 million net profit, respectively, compared with Yen 252 million recurring profit and Yen 998 million net losses, respectively, a year ago.

 

For the current term ending Mar 2013 the recurring profit is projected at Yen 340 million and the net profit at Yen 45 million, respectively, on a 3% rise in turnover, to Yen 12,800 million.

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Dec 1965

Regd No.:         0100-01-034552 (Tokyo-Chiyodaku)

Legal Status:       Limited Company (Kabushiki Kaisha)

Authorized:         1.3 million shares

Issued:                490,480 shares

Sum:                   Yen 245.24 million

Major shareholders (%): Satomi Tsuchibe (30)), Yoko Tsuchibe (6), Chisso Corp (2), Nisshin Pharma (2), MJ

Investment Fund (1)

 

No. of shareholders:  30

 

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Trading house for import, export and wholesale of industrial chemicals            (--100%):

 

(Handling items by Divisions):

Fine Chemicals Div: aliphatic organic chemicals, aromatic organic chemicals, oil & fats,             plastic additives, industrial additives, natural chemicals, rare earth chemicals, drug & pharmaceutical intermediates, materials for electronics industries;

 

Feed Additives Div: chlorine chloride, DI-Methionine, calcium L-acerbate, vitamin AD3, amino acid, minerals;

 

Fertilizer Div: seaweed origin fertilizer, soil conditioner, fermented soil, perennial rye grass, tall fescue, zoysia Japonica, turf-grass mixture;

 

Health-care Div: plant extract, powder & liquid;

 

Food Additives Div: guar gum, ascorbic acid, monosodium glutamate, sorbet, other;

 

Agriculture Div: Exclusive agent for Seed Research of Oregon Inc, USA.

 

Export Agent for: Nisshin Pharma for exporting their principal product, Co-enzyme Q10 mainly to US market;

 

Chisso Corporation for exporting their fine & organic chemicals mainly to US & European markets.

 

Clients: [Chemical mfrs, wholesalers] BASF Japan, Soft Gel Technology, Fujikawa  Pharmaceutical, Sakata Seeds, Ashland Chemical, Chemco Ind, Nippon Kayaku Co, Maruzen Yuka Shoji, Shiratori Pharmaceutical, Tokiwa Photochemical Co, other. Exports to USA, Europe, Russia, China, India, etc.

No. of accounts: 2,000

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Kaneka Corp, Mitsubishi Corp, Nisshin Pharma, Chisso Corp, Ube Ind, Mitsui Chemical, Tokiwa Photochemical, other. Imports from Seed Research of Oregon Inc (USA), other from USA, Europe, Asia, etc.

 

Payment record: No Complaints 

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

Bank References:

Mizuho Bank (Nihombashi)

MUFG (Kanda-Ekimae)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

       Terms Ending:

31/03/2013

31/03/2012

31/03/2011

31/03/2010

Annual Sales

　

12,800

12,423

13,524

12,373

Recur. Profit

　

340

330

252

160

Net Profit

　

45

38

-998

82

Total Assets

　

　

6,362

6,547

118

Current Assets

　

　

4,575

4,329

6,567

Current Liabs

　

　

4,497

4,879

6,072

Net Worth

　

　

1,253

1,214

2,167

Capital, Paid-Up

　

　

245

195

195

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.03

-8.14

9.30

-19.29

    Current Ratio

 

..

101.73

88.73

108.15

    N.Worth Ratio

..

19.70

18.54

1,836.44

    R.Profit/Sales

 

2.66

2.66

1.86

1.29

    N.Profit/Sales

0.35

0.31

-7.38

0.66

    Return On Equity

..

3.03

-82.21

3.78

 

Notes: Forecast (or estimated) for the 31/03/2013 fiscal term

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.78

UK Pound

1

Rs.99.66

Euro

1

Rs.84.49

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

 

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